Public Liability- Industrial and non Industrial Insurance Policy

  • Buy Public Liability Industrial and non Industrial Insurance Policy in India

Industrial or a Non-industrial companies faces the risk of becoming legally responsible to pay damages to third parties as a result of accidental death or bodily injury to the third parties or loss or damage to a property belonging to a third party. It is a fact that not all businesses are industrial but unluckily the risks is everywhere; they do not occur only when one is near a factory, it is also present in the Non-Industrial sector. According to Public Liability Act 1991, the Non Industrial Public Liability Insurance Policy and Public Liability Industrial Insurance steps in to protect you from Industrial Risk and Non Industrial risk. Public Liability-Industrial Risk and Non-Industrial Risk insurance policy provides cover for third party liabilities (bodily injury / property damage) arising out the manufacturing/industrial/non-industrial premises occupied  by  the insured you and legal costs incurred in connection therewith.

Scope of cover

  • This policy covers the amount which the insured becomes legally liable to pay as damages to third parties as a result of accidental death, bodily injury, loss or damage to the property belonging to a third party.
  • The legal cost and expenses incurred in defending the case with prior consent of the insurance company are also payable subject to certain terms and conditions.
  • One can insure more than one unit situated in different locations under a single policy.
  • The policy offers a benefit of Retroactive period on continuous renewal of policy whereby claims reported in subsequent renewal but pertaining to earlier period after first inception of the policy, also become payable.

Major Exclusions

  • Any willful non-compliance of statutory provisions
  • Fines, penalties, punitive and/or exemplary damages
  • War and nuclear group of perils
  • Injuries and damages to employees, workmen
  • For losses arising out of pure financial nature such as goodwill loss etc.
  • For losses resulting from personal injuries(such as libel, defamation etc.) and infringement of plans

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